Chinhung International Selected as Qualified Bidder for Southern Inland Railway Section 10 Construction, Expecting 54.2 Billion KRW Order

Chinhung International has been selected as a qualified bidder for the detailed design of the Southern Inland Railway Section 10 construction project, laying the groundwork to secure a contract worth approximately 54.2 billion KRW upon finalization.
The project involves constructing a railway and vehicle base in Geoje, Gyeongsangnam-do, with a construction period of 58 months from commencement, and Chinhung's share is 20% of the total project cost.
This selection amounts to 9.4% of Chinhung's 2025 individual sales of 576.4 billion KRW and is expected to positively impact future revenue, though it is not yet a finalized contract and may change during the contracting process.
This disclosure does not include any capital changes or dividend-related matters and pertains purely to business order acquisition.
[AI Summary]Chinhung International's selection as a qualified bidder for a major railway project from the National Railroad Authority generates expectations of a 54.2 billion KRW order, which could positively impact the stock price, but since the final contract is pending, revenue recognition will take time, and the absence of capital dilution coupled with business expansion offers medium- to long-term investment appeal.